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we will go nowhere. >> if you want to preserve the entitlement, get us to balance. >> get us to sustainability. >> thank you, mr. chairman. my time has expired. >> i have one more question. i know we could be here a while if we had the time. i am grateful for the patience of witnesses. i was looking at the testimony and on page 8, he walks through the question of this balance of how you do the balance between cuts and revenue. in the second full paragraph, he says, using a range of different methodologies, the average unsuccessful fiscal consolidation relied upon a 53% tax increase, 47% spending cut spurred a successful consolidation consists of 85% spending cuts. that. 15. if not, why not? what would your approach be? >> i respect kevin's work a lot. i think that number varies considerably depending on the country and it depends on where cycle. it also depends what the reserve is with respect to monetary policy. rates are 4 or 5%. 0. which is where we are today. there has been a lot of really good work revolving around these issues and trying to get good benchmarks for fiscal consolidation. a
we will go nowhere. >> if you want to preserve the entitlement, get us to balance. >> get us to sustainability. >> thank you, mr. chairman. my time has expired. >> i have one more question. i know we could be here a while if we had the time. i am grateful for the patience of witnesses. i was looking at the testimony and on page 8, he walks through the question of this balance of how you do the balance between cuts and revenue. in the second full paragraph, he says, using...
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shin to use any form of whip around to really like control any place. religious believes an ideology. there's a very tasty pipe baking away in asia but there may be just tuning in no need for weight to become our staff life program definition of india and china trying to share regional resources with the u.s. will raise effect to make it. a forty nine year old southern california man was thrown in president charles with possessing materials to make explosive device all because of his rather unusual wristwatch despite the bomb squad saying that his watch was not a weapon he read it custody for twenty four hours and was charged with the crime anyways a spokesman for the el meter county sheriff's department said that the man's watch had all the components to make an improvised explosive device minus the explosive material you know having a lighter in your pocket is also everything you need to self exposure minus the gun powder but before we make a victim out of this watch where i have to point out one thing the watch she was wearing was designed to look li
shin to use any form of whip around to really like control any place. religious believes an ideology. there's a very tasty pipe baking away in asia but there may be just tuning in no need for weight to become our staff life program definition of india and china trying to share regional resources with the u.s. will raise effect to make it. a forty nine year old southern california man was thrown in president charles with possessing materials to make explosive device all because of his rather...
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just how much more seems to us as. well the other side. and there was this it was a standoff between pro and anti mohammed morsi pretty. some of the country's top judges and the opposition like the people here on one side very much against. what they say doesn't provide rights for minorities and women in egypt mohamed morsi and his muslim brotherhood supporters on the other side with the opposition i think that's what she is just like the coalition of opposition forces who are running a sit in into her square the national revolution front issued a statement saying that they would not have dialogue with the president until he rescinds his decree there were also unfortunately violent clashes in other parts of the city outside the muslim brotherhood headquarters which was reportedly torched so really at the moment here in egypt there hasn't been there is a lot of anger and it still remains very divided president morsi has said he's powers outlined in the constitutional decree will automatically end up to a referendum on the country's constitu
just how much more seems to us as. well the other side. and there was this it was a standoff between pro and anti mohammed morsi pretty. some of the country's top judges and the opposition like the people here on one side very much against. what they say doesn't provide rights for minorities and women in egypt mohamed morsi and his muslim brotherhood supporters on the other side with the opposition i think that's what she is just like the coalition of opposition forces who are running a sit in...
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navy so that brings us to the u.s. be able to announce by a bomb almost a year ago at the pentagon if they go with the militaristic kind of speed with them towards asia then we're going to have a conflagration against china soon within the next few weeks east a goal for some kind of commercial alliances with countries in asia individually dennis' a much better prospects for the u.s. and for the west in general ok alexander you know we're getting i mean you know nato is nato a force for good ok because it's looking to the pacific now. well i mean nato is reaching out to countries like australia and japan to intensify their cooperation but i'll give you an example of that you just mentioned a country where i travel relatively often and that is libya if it had not been for nato colonel gadhafi would have murdered the inhabitants of let him go i don't know that we don't know that how do you know that would do you know what he's for you know that we don't know that that's what he's are going to i know has he does he was i u
navy so that brings us to the u.s. be able to announce by a bomb almost a year ago at the pentagon if they go with the militaristic kind of speed with them towards asia then we're going to have a conflagration against china soon within the next few weeks east a goal for some kind of commercial alliances with countries in asia individually dennis' a much better prospects for the u.s. and for the west in general ok alexander you know we're getting i mean you know nato is nato a force for good ok...
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as somebody as an american patriot i don't like the idea that any foreign country even one close to us should be able to dictate our decisions about our internal politics was it a bluff or could he really does i think he might have been able to deliver it i didn't take him up on it for obvious reasons i thought it was a despicable that's can also vary it is a little scary yes. but you see. there is again a narrative which is that israeli interests and american interests are identical israeli values and american values are identical neither is true if you examine it but that israeli narrative would be nothing without american backing yes america is a wonderful echo chamber for israel because our relations are so intimate and we are. so much in contact with each other and the american media is so. amenable to spreading. the israeli line the narrative. and the american media are enormously interview influential internationally and so this takes what might be a rather small voice from israel and magnifies it and spreads it everywhere and israel is after all a very small country that is sur
as somebody as an american patriot i don't like the idea that any foreign country even one close to us should be able to dictate our decisions about our internal politics was it a bluff or could he really does i think he might have been able to deliver it i didn't take him up on it for obvious reasons i thought it was a despicable that's can also vary it is a little scary yes. but you see. there is again a narrative which is that israeli interests and american interests are identical israeli...
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well in the first initially enough especially for folks like us who follow the progress very closely very innocently enough the proclamation in it after he won the election was that he would not change mackinson if it gets. changes to the security policy so right away we knew that there was not going to be any closer in the nation and more more than the limited kind of things that we've seen so basically there wasn't really big changes expected but in talking to other fellow journalists who've been covering this for a very long time the feeling is that if anything's going to change it's going to be an increase the kind of favorable treatment that we saw from the towards one cartel in particular seen a lower cartel perhaps expanding at the more cartels this is kind of like the general approach of the preop and the cartels kind of having corrupt arrangements sort of under the table deals kind of you know share territory so to speak. and i mean we do know is that the pond according to the expose legal security experts and analysts and i guess that journalists alike has had a very favora
well in the first initially enough especially for folks like us who follow the progress very closely very innocently enough the proclamation in it after he won the election was that he would not change mackinson if it gets. changes to the security policy so right away we knew that there was not going to be any closer in the nation and more more than the limited kind of things that we've seen so basically there wasn't really big changes expected but in talking to other fellow journalists who've...
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reporter of ours is three most influential book and was and that's a difficult question for a lot of us into in terms of choosing three bucks at the put it means three books until we actually struggled on cross two of mexico's most famous authors at least the burning mean the violent bumbling answer showed in many ways i had a very early stage actually mean this is way back in last november why folks really as kind of a fabricated media bride not necessarily a qualified presidential candidate one of the guys that got his me mixed up with was a carlos fuentes he called and regal and we keep one thing in this came out with a very telling quote he said looking at those every right not to read my books and it's very clear that he hasn't but he has no right to be. and that is again one of the leading concerns in addition to the repression of the violence that really harkens back to the seventy one year reign of the free that chav and. indeed and one of your special case andrew is the drug war you know a lot of countries in latin america a lot of their leaders are rethinking their approach to
reporter of ours is three most influential book and was and that's a difficult question for a lot of us into in terms of choosing three bucks at the put it means three books until we actually struggled on cross two of mexico's most famous authors at least the burning mean the violent bumbling answer showed in many ways i had a very early stage actually mean this is way back in last november why folks really as kind of a fabricated media bride not necessarily a qualified presidential candidate...
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take a job as a senior lobbyist for the pharmaceutical giant johnson and johnson no doubt follow or use her profound influence in washington doraine can more benefits for new cash cow elizabeth feller is the embodiment of everything that's wrong with washington politics so let's break that set. let. me do a good ever see anything like clint. ok guys i want to turn your attention to a recent string of protests in mexico demonstrations at president pinioned yet those inauguration have resulted in sixty nine protesters detained who are facing charges of disturbing the peace a charge that could land them anywhere from five to thirty years in prison if that is the protests show violent demonstrations of people throwing molotov cocktails rocks and even burning down a bus station or of also been rumors of a number of fatalities at the hands of mexican right police who've been using rubber bullets and directly aiming flash grenades at protesters who are demonstrating against biased media coverage of the general elections as well as the return of president peña at those institutional revolution
take a job as a senior lobbyist for the pharmaceutical giant johnson and johnson no doubt follow or use her profound influence in washington doraine can more benefits for new cash cow elizabeth feller is the embodiment of everything that's wrong with washington politics so let's break that set. let. me do a good ever see anything like clint. ok guys i want to turn your attention to a recent string of protests in mexico demonstrations at president pinioned yet those inauguration have resulted in...
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Dec 7, 2012
12/12
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CNBC
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mike santoly, thanks for joining us. we're going to talk about apple much more as the program progresses. certainly, again, the stock opens at least to our show the lows of the day. let's do a market flash now, go to the desk there to see what else is moving. courtney reagan, what else is moving. >> i found a tech name. i think you're going to find this interesting, scott. take a look at shares of cisco. speaking in new york to the analysts to their forward-looking discussion saying the company has gone too long without a major acquisition and sees the tech giant being more active. chambers saying in five years they plan to double. stocks moving slower, perhaps not impressed rkt at least not yet. >> courtney, thanks. so chambers' trigger finger is getting itchy, right? he wants do something. >> he wants do something. that's telegraphed through what we heard here. ratcheting down toward six. that's -- he needs to buy that growth and it's not going be through scientific atlanta. >> all right. coming up on halftime, mcdonal
mike santoly, thanks for joining us. we're going to talk about apple much more as the program progresses. certainly, again, the stock opens at least to our show the lows of the day. let's do a market flash now, go to the desk there to see what else is moving. courtney reagan, what else is moving. >> i found a tech name. i think you're going to find this interesting, scott. take a look at shares of cisco. speaking in new york to the analysts to their forward-looking discussion saying the...
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use of prayer and the girl needs to watch her legs don't go up too much during the dance she must be a modest. seventeen year old nanda is from the same village she now studies in the city and dances at a club. she puts on her costume and the traditional amber necklace only when she comes to visit her grandmother. katherine actually. no. i didn't ask on time for her dad says because i want to keep up to date with this morning world but still i would like to have camp my brain around how my ancestors layered and this is my treasure their attachment to the church brought not just and sisters to this remote glen and east deflate by call more than two hundred fifty years ago they were exiled in persecuted for not. green to the orthodox who forms introduced in washington the sixteen hundreds they wanted to maintain their time honored rituals the old believers still bolland cross themselves with two fingers not with three as they do in modern orthodox churches in russia and never knew when praying but this fall they say he says it's not so much the rituals they cherish as the moral princip
use of prayer and the girl needs to watch her legs don't go up too much during the dance she must be a modest. seventeen year old nanda is from the same village she now studies in the city and dances at a club. she puts on her costume and the traditional amber necklace only when she comes to visit her grandmother. katherine actually. no. i didn't ask on time for her dad says because i want to keep up to date with this morning world but still i would like to have camp my brain around how my...
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12/12
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> better than expected numbers on the labor front for november out this morning. u.s. businesses added 146,000 jobs last month and the unemployment rate slipped to 7.7%, the lowest level in four years. of course, that's not the whole story because you had more people dropping out of the labor force. >> well, the former chairman of the council of economic advisers, now a senior fellow at the hoover institution. he joins us with his reaction. would you give it a, what, out of ten? >> i gave you part of the answer too, by the way. you're welcome. >> out of ten, what score would you give this report, ed? >> i would give this a three. this report is a perfect microcosm of the recovery. the job creation number was about 146,000, you know, over the past three years we've been averaging about 150,000 a month. the problem with that is that we need 117,000 a month just to keep pace with the growing population. so that
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> better than expected numbers on the labor front for november out this morning. u.s. businesses added 146,000 jobs last month and the unemployment rate slipped to 7.7%, the lowest level in four years. of course, that's not the whole story because you had more people dropping out of the labor force. >> well, the former chairman of the council of economic advisers, now a senior fellow at the...
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the remnants of the former regime to overthrow his legitimacy authority and basically rejected any use of violence in the form of protesting however he did call for dialogue he asked opposition forces to meet him on saturday the eight to december to talk through some of the points that they have with this constitution and he said he might as well step back to an article six of the contentious constitution that duration which basically said that as the president he could do pretty much anything in the in the interest of protecting the nation thousands gathered at the presidential palace in opposition to president morsi is decision my colleague tom barton who was there on the scene and has this report some of the protesters behind me are trying to move the barricades that have been put up by the army in front of the presidential palace. very tense stand off fairly large crowd. chanting slogans such as we want the downfall of the regime calling all see. how much more seems. the other side. and there was this it was a standoff between pro and anti mohamed morsi which. some of the country's
the remnants of the former regime to overthrow his legitimacy authority and basically rejected any use of violence in the form of protesting however he did call for dialogue he asked opposition forces to meet him on saturday the eight to december to talk through some of the points that they have with this constitution and he said he might as well step back to an article six of the contentious constitution that duration which basically said that as the president he could do pretty much anything...
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while lead to us invasion of believe if it's poised on syria's. hand one step forward one step by just on the american side that sloshes a cold war era law limiting trade with russia it approves of these about certain russian officials provoking a promise of a similar move from moscow. international news live from moscow this is our she with me our thanks for joining us along anticipated state address by egypt's president morsi has failed to silence the angry voices on the streets of cairo protesters claim his still ignore state key demands by vowing to push on with a referendum on an islamist led constitution more on that from cairo based reporter about true and she joins us live right now it was a morse's first speech since the uprising started around two weeks ago how did he explain his refusal to make concessions. president mohamed morsi basically stuck by his decisions you said in his speech he said this is the concert the constitution that duration which is very contentious going to people described it as a power grab was essential basically
while lead to us invasion of believe if it's poised on syria's. hand one step forward one step by just on the american side that sloshes a cold war era law limiting trade with russia it approves of these about certain russian officials provoking a promise of a similar move from moscow. international news live from moscow this is our she with me our thanks for joining us along anticipated state address by egypt's president morsi has failed to silence the angry voices on the streets of cairo...
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country's leader kyra based reporter bel truly an artist's home botton are following developments for us the moment morsi basically stuck by his decisions he said in his speech he said consulate curation which was very contentious very people described it as a power grab was essential basically in the transition period to democracy and very important protecting the constituent assembly which drafted the constitution to be get to this point we're going to have a referendum on the constitution next week he also blames. parties for the violence that we saw on the streets in cairo on wednesday between anti and pro brotherhood supporters he said third parties backed by foreign funds. had infiltrated the groups and caused the violence and he blames or some opposition groups he said he was serving the remnants of the former regime to overthrow his new dismissed authority and basically rejected any use of violence in the form of protesting however he did call for dialogue he asked opposition forces to meet him on saturday the eight to december to talk through some of the points of they have with
country's leader kyra based reporter bel truly an artist's home botton are following developments for us the moment morsi basically stuck by his decisions he said in his speech he said consulate curation which was very contentious very people described it as a power grab was essential basically in the transition period to democracy and very important protecting the constituent assembly which drafted the constitution to be get to this point we're going to have a referendum on the constitution...
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what sources are telling us. they believe you cannot get that type of consistent success, the notion that every year, basically, posting game, posting gains within not massive volatility. 50%. cheryl: you are very clever and breaking the law. charlie: they do not believe you can do that without insider trading. this is a mindset that pervades each one of these of the sec enforcement chief to the fbi people working on the cases to the justice department. they match up returns of these various guys. they say look at roche, look at how he did this and look at steve cohen. they believe it is just mathematically impossible to beat the markets every year. since the inception, steve cohen has had one down year. that was 2008. he lost 19%. steve cohen when all cash. that was the year of the financial crisis. when these all the stuff coming, he probably just sold a lot of it. he saw it early. there were only a few people that's all it as early as he did. he probably took losses on his position. that is why he lost a lot o
what sources are telling us. they believe you cannot get that type of consistent success, the notion that every year, basically, posting game, posting gains within not massive volatility. 50%. cheryl: you are very clever and breaking the law. charlie: they do not believe you can do that without insider trading. this is a mindset that pervades each one of these of the sec enforcement chief to the fbi people working on the cases to the justice department. they match up returns of these various...
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is using chemical weapons that's the view of middle east expert tough week. i don't see the regime style is the style that will likely use the chemical weapons against his people and how however when it comes to the jihadists attacking him. in the last moments you never know what can happen again this jihad this what is important to mention a vital issue here the jihadists are even more dangerous if they got this chemical weapons in their head so if you are told that the regime may use this chemical weapons of possibility that the jihadist will use it against their opponents will be much much more that you have this have no problem to behead people alive you deal with people like bin ladin and the radicals of al qaida who have no his it is to use any form of wilpon to really like control any place we religious believes in ideology. and there's i'm very find evidence suggesting that mt us our forces may have been even seeking to launch a chemical attack of their own energy dot com we have a video where an alleged rebel fighter uses a deadly gas on animals prom
is using chemical weapons that's the view of middle east expert tough week. i don't see the regime style is the style that will likely use the chemical weapons against his people and how however when it comes to the jihadists attacking him. in the last moments you never know what can happen again this jihad this what is important to mention a vital issue here the jihadists are even more dangerous if they got this chemical weapons in their head so if you are told that the regime may use this...
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live in moscow stay with us. it's perched atop a jaw drop and the view from the kremlin stretches as far as the eye can see apt for a city to all of siberia for centuries. it lost its economic importance even before it was bypassed but a chance i bear in railway but the balls cremains a spiritual center. scenes like these are a yearly occurrence thousands of orthodox worshippers did themselves in blessid water to commemorate the baptism of jesus. in the fifteen eighties the russians had only just conquered siberia taking it from the muslims. surrounded by enemies the balls to be their stronghold constructed on top of the city but soon enough it became an economic siberian oil of its time bringing in a third of all russia's state revenue put the location had of the uses for the russians the russian crowd a revolt against the czar and eight hundred twenty five known as the decembrists will stand here and drove. there they created a replica high society adopting the latest fashions as soon as they came out or at lea
live in moscow stay with us. it's perched atop a jaw drop and the view from the kremlin stretches as far as the eye can see apt for a city to all of siberia for centuries. it lost its economic importance even before it was bypassed but a chance i bear in railway but the balls cremains a spiritual center. scenes like these are a yearly occurrence thousands of orthodox worshippers did themselves in blessid water to commemorate the baptism of jesus. in the fifteen eighties the russians had only...
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that is it for us. have a great weekend, everyone. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us not everyone is pessimistic. >> reporter: literally snapping his fingers, vice president joe biden today suggested it will be easy to finish a deal with congress to avoid the fiscal cliff. >> it would take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent middle class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> greg: speaker
that is it for us. have a great weekend, everyone. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn...
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you're watching live from moscow with me to bond with their good to have you with us this afternoon along to the bridge of state address by egypt's president morsi has failed to silence the angry voices on the streets of cairo protesters claim he still ignored the key demands by volume to push on with a referendum on an islamist led constitution that from cairo based reporter. president mohamed morsi basically stuck by his decisions he said in his speech he said this consulate curation which was very contentious very people described it as a power grab was essential basically in the transition period to democracy and very important protecting the constituent assembly which drafted the constitution to the we get to this point we're going to have a referendum on the constitution next week he also blames. parties for the violence that we saw on the streets in cairo on wednesday between anti and pro brotherhood supporters he said better third parties backed by foreign funding had infiltrated the groups and caused the violence and he blamed some opposition groups he said those serving the remn
you're watching live from moscow with me to bond with their good to have you with us this afternoon along to the bridge of state address by egypt's president morsi has failed to silence the angry voices on the streets of cairo protesters claim he still ignored the key demands by volume to push on with a referendum on an islamist led constitution that from cairo based reporter. president mohamed morsi basically stuck by his decisions he said in his speech he said this consulate curation which...
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so we have the following developments for us in the egyptian capital check r.t. twitter feed for the latest updates and in one of the most recent post she reports that muslim brotherhood supporters are also now gathering close to the presidential palace and their offices of bloodshed if rival groups of protesters do meet will keep up with what's going on in the car by checking underscore. instead of uniting the nation mohammed morsi is addressed seems to have divided it even further but dr counterterrorism advisor to the u.s. congress says that despite the opposition's determination to make morsi back down he has a strong chance of keeping the new powers under themself. the country is clearly split but mr morsi is strong because he has many institutions under his control the parliament the presidency the upper layer of the army now has replaced many officers in his calculations on december the fifteenth he went because the most organized force now in egypt at least for the next few months is the muslim brotherhood and their allies the salafist they've gotten a ma
so we have the following developments for us in the egyptian capital check r.t. twitter feed for the latest updates and in one of the most recent post she reports that muslim brotherhood supporters are also now gathering close to the presidential palace and their offices of bloodshed if rival groups of protesters do meet will keep up with what's going on in the car by checking underscore. instead of uniting the nation mohammed morsi is addressed seems to have divided it even further but dr...
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is ready to act if you make the tragic mistake of using these weapons there will be consequences and you will be held accountable there will be consequences. there will be consequences we have sent a unmistakable message that this would cross a red line next how does america the media quickly picked up on the alarming news of the syrian government's alleged plans citing secret intelligence for fox news confirms that syrian troops now have the deadly nerve agent sarin gas weaponized and at the ready the syrian government flatly denied the possibility saying it would not use such weapons against its people. we would not commit suicide we feel there's a conspiracy to provide a pretext for any subsequent interventions in syria buying these countries they're doing creasing pressure on syria. the syrian government sure knows that if they use chemical weapons it would give nato and some of their arab neighbors who are itching to intervene in syria the green light to go ahead with their plans the meskins itself says it would be suicidal for them to do so but with the fear and the hype buildi
is ready to act if you make the tragic mistake of using these weapons there will be consequences and you will be held accountable there will be consequences. there will be consequences we have sent a unmistakable message that this would cross a red line next how does america the media quickly picked up on the alarming news of the syrian government's alleged plans citing secret intelligence for fox news confirms that syrian troops now have the deadly nerve agent sarin gas weaponized and at the...
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the power to control the internet can you tell us more about this well us certainly liz we've had in september we've seen the senate. a resolution begging really for the u.s. government to not let the this you one body control the internet and try to bring into force any sort of documents like this and yesterday we saw the u.s. house of representatives vote unanimously for a resolution asking the u.s. government to not let the u.n. have control over the internet three hundred ninety seven votes against zero but you know some people are saying that while congress is saying oh we just want to make sure the internet is free their excuse is you know the internet has to be free from government control critics are saying let's look at the bigger picture it's quite likely that congress is more interested in not letting any sort of international body get involved in something that it could have power by itself at home and the i to you has been saying to the u.s. relax this is really something that we're just a u.n. body we can't really have power over it what goes in the in the united states
the power to control the internet can you tell us more about this well us certainly liz we've had in september we've seen the senate. a resolution begging really for the u.s. government to not let the this you one body control the internet and try to bring into force any sort of documents like this and yesterday we saw the u.s. house of representatives vote unanimously for a resolution asking the u.s. government to not let the u.n. have control over the internet three hundred ninety seven votes...
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you're using an argument that people used against styrofoam, big mac and whopper containers. it will cost more money. it will put the guys out of business. they were all over your streets it back in the early 80s and '90s those companies have done very well. i know you put up the bag and say, you hold up the bag and say you love the bag. someone doing that with styrofoam containers 15 or 20 years ago. melissa: hang on i have to get a few words in here too. this is disagree with me. >> go ahead. melissa: takes 91% more energy to recycle paper bag than plastic bag. i worry about that. so much easier to recycle bags. every store i go into the new york, when you walk to the front door to your left a full container has bags when people brought back. when i bring back a plastic back i use it to death. i don't buy bags for trash bins in my house. i use this. not like people take them and throw them away. go ahead, respond. >> use actual statistics and some facts instead of intuitive ideas. melissa: no, that is fact. 91%. >> the facts of this are of plastic bags out there less one in
you're using an argument that people used against styrofoam, big mac and whopper containers. it will cost more money. it will put the guys out of business. they were all over your streets it back in the early 80s and '90s those companies have done very well. i know you put up the bag and say, you hold up the bag and say you love the bag. someone doing that with styrofoam containers 15 or 20 years ago. melissa: hang on i have to get a few words in here too. this is disagree with me. >> go...
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and also to our panelists, who have done a great job, having a dialogue here with us in engaging us in some really important issues facing our country. so thank you all again, and hope to see you at the next heartland monitor poll release. have a good day, thank you. [applause] >> [inaudible conversations] [inaudible conversations] >> as this hearing, as this meeting comes to a close, the labor department this morning, employers added 126,000 jobs in november, and the unemployment rate fell to 7.7%. that is the lowest since december 2008. the government says hurricane sandy had only a minimal effect on the numbers. >> you are watching c-span2 with politics and public affairs. weekdays feature live coverage of the u.s. senate. on weeknights watch key public policy events. every weekend, the latest nonfiction authors and books on booktv. you can see past programs and their schedules at our website. you can join in the conversation on social media sites. >> singer-songwriter james taylor will be at the national press club here in washington today. .. words are key to our imagination, our
and also to our panelists, who have done a great job, having a dialogue here with us in engaging us in some really important issues facing our country. so thank you all again, and hope to see you at the next heartland monitor poll release. have a good day, thank you. [applause] >> [inaudible conversations] [inaudible conversations] >> as this hearing, as this meeting comes to a close, the labor department this morning, employers added 126,000 jobs in november, and the unemployment...
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thank you for joining us. let's take a look at these, please look, another christie's auction putting rare diamonds up for sale. i'm told they could be worth millions. find out exactly how much and watch monica crowley where a valuable ring in a moment. stuart: is a game but a very small game. the stock market this morning, we have this jobs report, looks good at first look but not too great. down industrials up 19. let's look at the numbers. 146,000 jobs created in november. not bad but not that great. here is the real story. 350,000 people dropped out of the work force. that is why the unemployment rate went down to 7.7%. not a bad report at first glance, not good when you look deeper. now that apple down slightly again today but $8 earlier. this has become a traitor's stock, technicals suggested the state between 5 and the dollars to $600 a share. research in motion trying to get its biggest corporate customers to adopt its new blackberry 10. releasing hopes on the new device. almost $12 a share. diamonds n
thank you for joining us. let's take a look at these, please look, another christie's auction putting rare diamonds up for sale. i'm told they could be worth millions. find out exactly how much and watch monica crowley where a valuable ring in a moment. stuart: is a game but a very small game. the stock market this morning, we have this jobs report, looks good at first look but not too great. down industrials up 19. let's look at the numbers. 146,000 jobs created in november. not bad but not...
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the wealthiest among us can help us reduce the debt by paying more. it is encouraging to see republican members of the house and the senate speak out on the need or a deficit approach that includes raising taxes on wealthy individuals and to moving right away to ensure that 98% of families do not face a tax increase. we need to look at history. what we saw in the 1990s and 2000s, there was no relationship between lower marginal tax rates for the wealthiest among us an economic growth. first during the clinton administration, the top marginal tax rate was raised on the wealthiest individuals and the economy grew at its fastest rate in a generation. it added more than 22 million jobs. during the following eight years, the top marginal rate dax tax rate was lower, but economy never regained its strength from the reviews decade. middle-class families are vulnerable when the recession began at the end of 2007. i hope this hearing is helpful not just in this hearing, but across this country to people who are watching and waiting for congress to act. i will
the wealthiest among us can help us reduce the debt by paying more. it is encouraging to see republican members of the house and the senate speak out on the need or a deficit approach that includes raising taxes on wealthy individuals and to moving right away to ensure that 98% of families do not face a tax increase. we need to look at history. what we saw in the 1990s and 2000s, there was no relationship between lower marginal tax rates for the wealthiest among us an economic growth. first...
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we use less wood. and we can give them electricity. >> so i spent a lot of time thinking about apple. everybody does. apple down another 14, up 50. people worry about apple because is it doesn't have an omg factor. that's the word. when you show this around, do not people just -- jaws drop, right? >> well, it's amazing. especially our customers are our best advertisers, right? they're the people who are posting hundreds of youtube videos. but it's the psalm thing in emerging markets. so we go to do a demonstration in india, and really cooking is traditionally a woman's task in those communities and we have the men pushing to the front and center of the circle because they want to charge their cell phones. so it creates this really great dynamic where at one time it's a health intervention that's hopefully going to save a couple million lives every year, but the draw is for the same commercial reasons that we would want to have them here. >> now, i would want one of these in my trunk, right? >> right. >
we use less wood. and we can give them electricity. >> so i spent a lot of time thinking about apple. everybody does. apple down another 14, up 50. people worry about apple because is it doesn't have an omg factor. that's the word. when you show this around, do not people just -- jaws drop, right? >> well, it's amazing. especially our customers are our best advertisers, right? they're the people who are posting hundreds of youtube videos. but it's the psalm thing in emerging...
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the joint dod-va guidance on treating veterans with president second -- ptsd for use of opiates and use of -- now concerns are you that the guidelines aren't being followed a the clinical level between patient and there. what kind of data are you seeing to support the fact that the treatments are actually these guidelines are being followed. and secretary panetta, a quick followup on barbara's question given the serious concerns, would it be correct to assume there's no thinking about pro everyonetive action. is it using the weapons or intelligence trigger something? >> let me go at the discussion about opiates or any of the addictive drugs. again, this is why this relationship is important because there is a stark point for many of the issues and it comes down to our being courageous enough to ask ourselves whether it be having the right approach on the medication whether we overmedicate. and we're going to answer the questions. i have a personal opinion here, but i would like to see the results of the search. it will be a joint effort between the dod medical community and the -- va co
the joint dod-va guidance on treating veterans with president second -- ptsd for use of opiates and use of -- now concerns are you that the guidelines aren't being followed a the clinical level between patient and there. what kind of data are you seeing to support the fact that the treatments are actually these guidelines are being followed. and secretary panetta, a quick followup on barbara's question given the serious concerns, would it be correct to assume there's no thinking about pro...
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stay with us. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for the
stay with us. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. in that time...
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thanks for being with us. you like these munis even though you're the we ritter 5 there would be all kinds of defaults across the landscape. >> this is one of my favorite topics because we at bob brooks stone capital management have been very bullish in the 2008 crisis. it produced some stellar total return for our clients that include the interest on a tax rebate and appreciation. dennis: would you prefer that i as your client buy an entire bond or maybe ought to buy a basket in an e t f or something. >> without a doubt. the opportunity we have seen through actively managed mutual funds. what happened in 2008 was indiscriminate selling across the entire sector. it created a miss pricing in many of the bonds and a lot of these mass and -- managers were able to take advantage of that. in terms of bikers of vacation and getting access to literally thousands of bonds, a much better plan to actively -- actively managed funds and take individual bonds for your portfolio. dennis: you probably run one of those and ge
thanks for being with us. you like these munis even though you're the we ritter 5 there would be all kinds of defaults across the landscape. >> this is one of my favorite topics because we at bob brooks stone capital management have been very bullish in the 2008 crisis. it produced some stellar total return for our clients that include the interest on a tax rebate and appreciation. dennis: would you prefer that i as your client buy an entire bond or maybe ought to buy a basket in an e t f...
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he is here today with us. we thank you so much for your service and honoring us. [applause] >> welcome again to the foundation for defense of democracy's annual washington forum. my name is kenneth schwartz. i have the pleasure of introducing distinguished public official robert kc, senior senator from the state of pennsylvania. you served since 2007 as chairman of near east and south asia subcommittee, senate foreign relations committee only in the first term. one can scarcely imagine a more challenging time, the past two years in the middle east have seen wars in international borders, collapse of regimes in decades and the rise of political movements that may yet turn hostile in the united states and its allies. new developments, he has led the way on many issues of great concern to ftd. he is founder and co-chair of the bipartisan senate caucus on weapons of mass destruction, terrorism, in that capacity worked across the partisan divide to highlight serious threats of -- weapons of mass deliberation. he has done as much to run our greatest threat in the middle
he is here today with us. we thank you so much for your service and honoring us. [applause] >> welcome again to the foundation for defense of democracy's annual washington forum. my name is kenneth schwartz. i have the pleasure of introducing distinguished public official robert kc, senior senator from the state of pennsylvania. you served since 2007 as chairman of near east and south asia subcommittee, senate foreign relations committee only in the first term. one can scarcely imagine a...
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both sides have hurt us, wronged us, one says. basic supplies are available here, although prices have skyrocketed. bread, bread, we want it so badly it's like a drug, this woman tells us. if someone has breakfast, they can't afford dinner. please, have mercy, they beg. on the street we meet four boys. they ask if we think it's safe enough for them to go back home. they talk of tanks firing and seeing other children lose limbs. they say what they witnessed has made them all decide to be doctors to save the victims of war. >> arwa damon on the ground in northern syria, and she's joining us live via skype, and, arwa, it is just amazing to see the slees of life, what is taking place there on the ground. it barely seems like people are able to cope in any kind of normal fashion. when you go from village to village or family to family, do you get a sense at all that there's an end game here, that they see an end and a way that they can pick up their lives and move on, or this is just the way they're going to exist for quite some time?
both sides have hurt us, wronged us, one says. basic supplies are available here, although prices have skyrocketed. bread, bread, we want it so badly it's like a drug, this woman tells us. if someone has breakfast, they can't afford dinner. please, have mercy, they beg. on the street we meet four boys. they ask if we think it's safe enough for them to go back home. they talk of tanks firing and seeing other children lose limbs. they say what they witnessed has made them all decide to be doctors...
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send us your predictions. you can e-mail us, worldwide@cnbc.com, tweet @cnbcwex, or even get direct to myself, @rosswestgate. and while we wait for the employment report, more thoughts about where european growth is going. drifting away. the bundesbank has warned of a possible recession in germany. central bank cutting its growth forecast for the eurozone's biggest economy and that expects growth to reach just 0.4% in 2013. a big cut from previous forecasts of 1% and 1.6%. there's also no political crisis in italy by the way. support has been withdrawn for the group run by monti. berlusconi hinted he may return to politics after stepping down last year. claudia joins us in milan. a number of reports suggested this may not upset investors too much just because we were going to have elections anyway, it doesn't bring it forward a lot earlier. is that the sense that you're getting? >> yes, it doesn't really change in terms of the timing. it just gives you an idea, though, of where berlusconi stands and what the s
send us your predictions. you can e-mail us, worldwide@cnbc.com, tweet @cnbcwex, or even get direct to myself, @rosswestgate. and while we wait for the employment report, more thoughts about where european growth is going. drifting away. the bundesbank has warned of a possible recession in germany. central bank cutting its growth forecast for the eurozone's biggest economy and that expects growth to reach just 0.4% in 2013. a big cut from previous forecasts of 1% and 1.6%. there's also no...
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>> but us hope so. -- let us hope so. mcconnell said give the president the power to raise the debt ceiling and we could stop it. he said, i did not mean it. we will like him to really mean it. it would be helpful to provide that certainty to the economy. pressure has to be on the republicans to not use the debt ceiling as a tool to get more spending cuts. we have to decide on the budget and that the debt ceiling cannot be used as a bargaining chip. will not get another democrat to say, we will deal with the debt ceiling later and have the fight again. we have to agree that we will not tomorrow when the debt ceiling comes on or our economy will be held hostage over that. >> i want to ask about the sgr fix. will that be extended? what is the outlook for coming up with a better solution? >> sustainable growth rate for payment of doctors under medicare. >> we will not lead the cut happen. we should pass my bill. we should pass it. we have written it down. this would set us on a path. we have some agreement between republican
>> but us hope so. -- let us hope so. mcconnell said give the president the power to raise the debt ceiling and we could stop it. he said, i did not mean it. we will like him to really mean it. it would be helpful to provide that certainty to the economy. pressure has to be on the republicans to not use the debt ceiling as a tool to get more spending cuts. we have to decide on the budget and that the debt ceiling cannot be used as a bargaining chip. will not get another democrat to say,...
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> welcome back. you can see the dow futures are down by about 23 points. s&p down by 2.25 points. in our headlines, head of irs warns if congress fails to reset the alternative minimum tax, there could be a delayed start to 2013 tax season. in programming its systems, the irs considered the congress would patch the amt. without another patch, the amt could hit as many as 33 million people for the 2012 tax year and it will take them some time to reset all of those forms. >>> and
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our...
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we use twitter all -- many of us. i used it as a wire service frankly. and then i use it also to distribute news. i distribute that news of course on cnbc as well but i use it as another channel of distribution. should that be considered fair disclosure? >> there was a discussion about the notion of free speech. s.e.c. does not care about the first amendment. they think that this interstate commerce clause and that the securities and 34 act just completely trumps that. the idea of making a first amendment case is just stupid. they're not going to let you do it. they don't recognize it as part of commerce. >> it will be interesting. wells notice means they are likely to take action. defense here. you can still make it. it gives the opportunity to at least make a final defense so to speak as to why they shouldn't take action. we'll see what that defense is when mr. hastings -- we have a sense for it given what they wrote yesterday. >> i'm sure it will be closely watched. we should be clear that we didn't see too much reaction in the stock for good reason.
we use twitter all -- many of us. i used it as a wire service frankly. and then i use it also to distribute news. i distribute that news of course on cnbc as well but i use it as another channel of distribution. should that be considered fair disclosure? >> there was a discussion about the notion of free speech. s.e.c. does not care about the first amendment. they think that this interstate commerce clause and that the securities and 34 act just completely trumps that. the idea of making...
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the wealthiest among us can help us reduce the debt by paying more. it is encouraging to see republican members of the house and the senate speak out on the need or a deficit approach that includes raising taxes on wealthy individuals and to moving right away to ensure that 98% of families do not face a tax increase. we need to look at history. what we saw in the 1990s and 2000s, there was no relationship between lower marginal tax rates for the wealthiest among us an economic growth. first during the clinton administration, the top marginal tax rate was raised on the wealthiest individuals and the economy grew at its fastest rate in a generation. it added more than 22 million jobs. during the following eight years, the top marginal rate dax tax rate was lower, but economy never regained its strength from the reviews decade. middle-class families are vulnerable when the recession began at the end of 2007. i hope this hearing is helpful not just in this hearing, but across this country to people who are watching and waiting for congress to act. i will
the wealthiest among us can help us reduce the debt by paying more. it is encouraging to see republican members of the house and the senate speak out on the need or a deficit approach that includes raising taxes on wealthy individuals and to moving right away to ensure that 98% of families do not face a tax increase. we need to look at history. what we saw in the 1990s and 2000s, there was no relationship between lower marginal tax rates for the wealthiest among us an economic growth. first...
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he is here with us. we thank you so much and for honoring us. [applause] >> who wants to follow ed royce? not me. welcome again to the foundation for the defense democracies' washington forum. my name is kenneth schwartz, i'm a proud member of the fdd board. today i have the pleasure of introducing distinguished public official, robert casey, the senior senator from the state of pennsylvania. he served since 2007 as the chairman of the near east and south asia subcommittee of the senate foreign relations committee, and this is only in his first term. one can scarcely imagine more interesting or more challenging time to occupy that position. the past two years in the middle east we have seen the war across international borders. the collapse of the regimes that ruled for decades and the rise of the new political movements that may yet turn hostile to the united states and its allies. in the face of these new developments, senator kec has led the way on many issues of great concern to fdd. he's the founder and co-chair of the bipartisan senate cau
he is here with us. we thank you so much and for honoring us. [applause] >> who wants to follow ed royce? not me. welcome again to the foundation for the defense democracies' washington forum. my name is kenneth schwartz, i'm a proud member of the fdd board. today i have the pleasure of introducing distinguished public official, robert casey, the senior senator from the state of pennsylvania. he served since 2007 as the chairman of the near east and south asia subcommittee of the senate...